BETFORM:A NEW DAWN

Legalized Sports Betting

It is already a thriving industry. The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.

It`s the economy, stupid. Sports betting is good for the economy. Legalizing sports betting will obviously create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.

This is what supports Betform to be present in the midst of society as a social and fair betting platform. Betform is a decentralized social betting platform that brings funs, privacy, and safety for funds to players. Our key operations are regulated by smart contracts.
Betform is a new generation of online-casino betting platform powered by the blockchain technology. Betform is designed to support a peer to peer gaming. Using the platform, the need for middlemen is naturally gone.

Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards. This, however, is managing through the use of smart contracts.

With any gaming platform comes the discussion as to which currency will be utilized and, in this case, it will be Betform’s native token, the Betform Coin (BFC). BFC is an ERC20 based on the Ethereum blockchain. All gaming activities envisaged by the Betform solution will employ this coin.
Betform Token (BFC)
The Singapore based company is currently launch its BFC token Initial Token Sale. BFC token is an ERC20 based on the Ethereum blockchain. All gaming activities envisaged by the Betform solution will employ this coin, i.e. users will need to carry out transactions and place bets in BFC.

The Betform Initial Token sale will begin on January 8, 2019. There will be extra tokens offered as a bonus for users who commit earlier (early-bird bonus). The funds raised by the ICO will be used to redevelop and upgrade the platform and its system architecture so it can comfortably cope with the millions of players heading the way.

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Betform, whose mission is to establish themselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem has arrived.
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